In 1910, a group of businessmen led by Fox Henderson
from Troy, Alabama agreed to open a bank in a small farming community
located in Crenshaw County; and on March 10, 1910, The First National
Bank of Dozier opened for business with a national bank charter.
Henderson, a prominent entrepreneur at that time, was the bank’s first
president for 8 years; yet, it is reported that he only entered the bank
one time as he allowed the operations of the bank to be managed by local
personnel.He was an
investor and organizer of other banks located in Troy, Brundidge,
Luverne, Brantley, Andalusia, Elba, and Huntsville. The Great Depression
of the 1930s saw most of these banks fail; however, Dozier was the lone
survivor of the banks located in Crenshaw County during that period of
economic chaos.

The initial investors from Troy and Dozier provided
the venture dollars needed to get started.While it took $25,000.00 of capital in 1910 to get a bank
charter, in 2010 it requires about $20 million dollars of capital to get
a bank started. Some examples of
the cost of goods in 1910: a loaf of bread $0.05; a gallon of milk
$0.28; a pound of butter $0.25; a gallon of gas $0.04; a new home
(average) $3,395. The annual household income was $1,004 and those were
prosperous times before the depression wrecked the economy and prices
took a drastic plunge.

With over 100
years of serving our community, the stockholders, the directors, the
officers, and the employees express their sincerest appreciation to all
of our wonderful customers who support us with their confidence, trust,
and loyalty.We are indeed
thankful!